Rise in electric equipment financing

  Australian businesses have stepped up their investment plans over the past 12 months despite the slowing economy, with new data from the Commonwealth Bank of Australia’s business bank showing a 22 per cent uplift in electric vehicle and equipment financing compared to the same period last year. The new figures show a record number of businesses are financing greener assets, with EV fleets up more than threefold (325 per cent) and hybrid motor vehicles up 120 per cent. Small businesses are leading the way on this front, leveraging CBA’s Green Vehicle and Equipment Finance, with electric vehicle financing up 346 per cent in the sector. Read More